Sri Lanka economic growth slowest in 17 years
COLOMBO: A political crisis in Sri Lanka last year led to the slowest economic expansion in 17 years, the central bank said on Friday.
Growth for...
German business confidence drops for 6th straight month
The Ifo institute said its monthly index declined to 98.5 points from 99.3 in January, sinking to its lowest level since December 2014
Alibaba CEO rules out layoffs this year
This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts
Asia’s surging fuel exports depress refining industry profits
Since 2006, the Asia-Pacific has been the world’s biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India
Dollar retains gains, Aussie finds footing after slide
The dollar index against a basket of six major currencies was little changed at 96.608 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high on news of progress in U.S.-China trade talks
Asian shares mostly lower as investors watch trade talks
Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading and Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30
Oil prices fall as U.S. crude output hits record 12 million bpd
International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last close
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
Apple is offering the plan through Huabei, a consumer credit service run by Ant Financial, the payment affiliate of e-commerce giant Alibaba, Apple’s China website shows
Eurozone industry slips into contraction
BRUSSELS: Eurozone manufacturing slipped into contraction in February, as an industrial slump in Germany continued to weigh down on the European economy, a closely watched...
Asian shares mixed following advance on Wall Street
The Nikkei 225 index rose 0.6 percent to 21,431.49 despite news that Japan’s exports sank 8.4 percent in January from a year earlier, far more than forecast
Oil slips away from 2019 highs as surging US supply undermines OPEC cuts
OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in March as part of the effort to tighten markets
In sharp U-turn, monetary policy easing back in play across Asia
A softer dollar and lower oil prices played an important role in the turnaround. But crucially for Asia, regional growth engine China is having a worse than expected start to the year and is exporting disinflation to the rest of the region
Qualcomm urges U.S. regulators to reverse course and ban some iPhones
Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid-April in San Diego over Qualcomm’s patent licensing practices
U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures
The department’s U.S. Trustee Program (USTP) alleged that McKinsey “made insufficient disclosures about its clients and investments in certain entities” connected to debtors that had hired the consulting firm for financial advice, the department said in a statement
Qualcomm launches new chip to power 5G smartphones
Qualcomm Inc on Tuesday introduced its second-generation of so-called modem chips to connect phones to 5G networks, speeding up the race around faster wireless...
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Pakistan out of financial crisis, says EAD official
'Japan, Germany, Turkey, are also in the queue to invest in Pakistan'Pakistan is finally out of its precarious financial situation due to the...
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NBP posts highest-ever revenue of Rs97bn
KARACHI: The meeting of the Board of Directors (BoD) of National Bank of Pakistan (NBP) was held on Friday at the bank’s head office in...
